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Mitsubishi Electric has entered into a joint venture agreement with a subsidiary of ABB to combine their low-voltage power distribution businesses in Japan. The new company will be 51% owned by ABB Corporation and 49% by Mitsubishi Electric.
“Through this joint venture with ABB, Mitsubishi Electric will combine ABB’s global business foundation with the technologies, quality, customer base and sales channels it has cultivated over many years.”evertiq.com
Summarized from public sources; check the original articles before acting on it.